The price of the currency has successfully bottomed out. Pay attention to avoiding risks in the short term.

Review of last week <br/>Since last week, the price of Bitcoin has experienced two increases, first from 3851 to 4061, and then after flattening, the price reached a maximum of 4186, with a weekly increase of about 7%.
News of the week <br/>This week, ABN AMRO announced that it is preparing a wallet service that is compatible with both fiat currencies and Bitcoin after conducting a survey based on users' interest in Bitcoin.
Coinbase has a four-phase overall plan, which includes developing protocols, establishing a digital currency exchange, establishing a user interface for digital currency applications, and building an open financial system application. The ultimate goal is to build an open financial system application for 1 billion users.
Florida Senator Dorothy Hukill is drafting a bill to recognize Bitcoin as a currency. The bill is expected to be introduced in the Senate before 2017.
Price difference between domestic and foreign markets <br/>From the above table, we can see that the price difference between domestic and foreign markets is small, with the domestic price slightly higher, indicating that the current Bitcoin price rise is stable.
Technical side <br/>From the weekly chart, the price is supported by the middle track of the Bollinger Bands, the upper and lower tracks are closing, the long and short period moving averages are turning upward, the price is breaking through the short period moving average, the kinetic energy column below the MACD is shrinking, the fast and slow lines are converging, the RSI leaves the strong area of ​​the bears and turns upward, indicating that the current price has ended the previous downward trend and successfully bottomed out.
From the daily chart, the Bollinger Bands are open, and the price forms burrs along the upper track of the Bollinger Bands, supported by the short-term moving average. Although the price has fallen back to the inside of the Bollinger Bands, the upper track of the Bollinger Bands, the long-term moving average and the short-term moving average are all upward. RSI and MACD are both in the bullish strong area. Therefore, the possibility of continuous price declines in the near future is small.
Investment advice <br/>At present, the price still has the momentum to rise, but after experiencing two waves of increases, investors holding coins should pay attention to the risk of a pullback.